(MENAFN- EIN Presswire) EINPresswire/ -- What Is The Projected Market Size & Growth Rate Of The Personal Development Market?
The size of the personal development market has seen significant growth in recent years-the market, valued at $51.06 billion in 2024 is projected to increase to $54.14 billion in 2025, indicating a compound annual growth rate (CAGR) of 6.0%. This growth during the historical period is due in large part to a surge in self-help literature, greater understanding of mental health conditions, global societal changes, evolving needs of workplaces and the advent of the information age and technological advancements.

In the next several years, the personal development market size is predicted to experience robust growth, expanding to $68.69 billion by 2029 with a compound annual growth rate (CAGR) of 6.1%. The growth in the forecast period is linked to applications in mental health and wellness, deployment on remote and virtual platforms, as well as integration of virtual reality (VR) and augmented reality (AR). Some of the prominent trends throughout this period encompass remote and digital learning, emphasis on mental health and wellness, blended learning strategies, technological integration, and professional development programs sponsored by employers.

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What Is The Crucial Factor Driving The Global Personal Development Market?
The personal development market is experiencing tremendous growth driven by increasing mental health issues and stress levels. These issues and stress levels refer to the emotional, psychological, and physiological challenges that individuals confront when dealing with pressures, difficulties or disruptions in their day-to-day lives. Personal development acts as a solution to these problems, enabling people to play an active role in their wellbeing. It also provides effective tools and strategies for stress management and promoting mental health, resulting in improved mental health outcomes. Specifically, in November 2022, a survey by the National Health Service, a government-funded healthcare system in the UK, revealed that roughly 18.0% of children aged 7 to 16 and 22.0% of young adults aged 17 to 24 were diagnosed with a potential mental disorder in 2022. The prevalence of a likely mental disorder increased from 17.4% in 2021 to 25.7% in 2022 among those aged 17 to 19. The population surveyed totaled 2,866 children and young people. As such, the escalating stress levels and mental health issues are anticipated to further boost the growth of the personal development market.

Who Are The Emerging Players In The Personal Development Market?
Major players in the Personal Development include:
. Allison Transmission Holdings
. Slalom Consulting
. WW International Inc
. Toastmasters International
. Dale Carnegie And Associates Inc.
. Udemy Inc.
. Skillsoft Corporation
. Coursera Inc.
. Mindvalley
. Headspace

What Are The Key Trends Shaping The Personal Development Industry?
Prominent corporations in the personal development market are aiming to create groundbreaking technological solutions such as skill benchmark evaluation software, in an attempt to bridge the skills gap and create tailored development pathways. This software employs an original criterion-centered method to assess mastery of skills and seeks to help companies gauge their learners' competency in various highly sought-after leadership, business, and technical abilities. For instance, Skillsoft Corporation, an American SaaS company, in March 2022, unveiled a new Skill Benchmark Assessment function, incorporated into its Percipio immersive learning platform. This function employs a groundbreaking, criterion-centered method for gauging skill mastery. Its objective is to compare learners' abilities with defined benchmarks and aid companies in evaluating their learners' proficiency in various highly demanded leadership, business, and technical abilities. The evaluations encompass a broad array of topics, such as technology and security, digital literacy, innovation and creativity, agile methodologies, performance management, digital marketing, virtual leadership, and problem-solving.

What Segments Are Covered In The Personal Development Market Report?
The personal development market covered in this report is segmented –
1) By Instruments: E-Platform, Workshops And Seminars, Books, Personal Training And Coaching
2) By Focus Area: Mental Health, Motivation And Inspiration, Physical Health, Self-Awareness, Skillset Enhancement
3) By Skillset Enhancement Sub Type: Communication, Teamwork, Decision Making, Analytical And Problem Solving, Empowerment

Subsegments:
1) By E-Platform: Online Courses, Mobile Apps, Webinars
2) By Workshops And Seminars: Group Workshops, Corporate Training, Public Seminars
3) By Books: Self-Help Books, Motivational Books, Educational Books
4) By Personal Training And Coaching: Life Coaching, Executive Coaching, Career Coaching

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Which Region Is Projected To Hold The Largest Market Share In The Global Personal Development Market?
In 2024, North America led as the biggest region in the personal development market. The regions included in the personal development market report encompass North America, Asia-Pacific, Western Europe, Eastern Europe, South America, Middle East, and Africa.

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